Inside Symantec’s Efforts to Boost Its Profit Margins

In the fiscal first quarter of 2019, Symantec (SYMC) delivered an adjusted operating income of $313 million, down 17% from the $377 million it reported in the previous year’s quarter. Its adjusted operating margin also contracted 370 basis points to 27.0% in the quarter. The company expects to see a non-GAAP (generally accepted accounting principles) operating margin of 30% in fiscal 2019, which is at the lower end of its previous guidance range of 30%–32% for fiscal 2019.